Macquarie Bank Ltd Hybrid Security

Corporate Details

ISIN(s):

AU0000088429

LEI:

Country:

Australia

Address:

N/A

Website:

www.macquarie.com

Sector:

Mining and quarrying

Industry:

Extraction of natural gas

Description

Macquarie Bank Ltd Hybrid Security refers to a class of financial instruments issued by Macquarie Bank Limited, a subsidiary of the global financial services firm Macquarie Group. It is not a standalone company. These securities combine features of both debt (like bonds) and equity (like shares) and are primarily used by the bank to raise regulatory capital. Typically structured as unsecured, subordinated notes, they offer investors periodic distributions but carry greater risks than senior debt. Key features often include non-cumulative payments and mandatory conversion into ordinary shares under specific conditions, such as financial distress. These complex instruments are designed for investors seeking higher potential returns who understand the associated risks of bank capital securities.